Overview
- Domestic futures strengthened on Monday when MCX December gold rose by Rs 817 to Rs 1,42,841 per 10 grams and silver gained about Rs 931 to Rs 1,96,650 per kilogram.
- Overseas signals tracked the rebound as COMEX December gold moved back into the roughly $4,014–$4,033 an ounce range after falling below $4,000 last week.
- Market participants say the bounce was driven by speculators building fresh positions and low‑level buying while easing oil prices reduced near‑term inflation fears.
- Analysts warn the move may be a short relief rally because rising Treasury yields or a stronger dollar could push bullion lower unless key supports near ₹1,40,000–1,41,000 per 10 g and $3,950 per ounce hold.
- Local price changes translated into higher retail rates, for example Pakistan's APGJSA quoted tola prices up to Rs 423,436, and traders say the Fed decision and US PCE print this week will be the main catalysts for what consumers and jewellers should expect next.